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Seligdar announces operating results for 3M2023

21.04.2023

Seligdar announces operating results for 3M2023 based on management data. Gold production by the Holding’s companies increased by 13% and comprised 777 kg. Production of tin in concentrate grew by 20% to 652 tonnes.


Gold division

·         The run-of-mine material for 3M2023 totalled 6.4 million cubic meters against 6.9 million cubic meters year earlier.

·         Ore mining for 3M2023 comprised 2.8 million tonnes compared to 3.4 million tonnes for the first quarter of the previous year. The decrease in the volume of the run-of-mine material and mined ore was planned and related to the mining production schedule and processing of ore mined earlier during outpacing operations in 2020 – 2022.

·         Doré gold production increased by 13% year-on-year and amounted to 777 kg.

·         Gold sales of the Holding’s companies comprised 836 kg for the first quarter of 2023.

 

Tin division

·         Ore mining improved by 77% year-on-year and reached 214 thousand tonnes due to increase in preparatory and rock mining operations.

·         Ore processing totalled 148 thousand tonnes, a 12% growth compared to year earlier.

·         Production of tin in concentrate reached 652 tonnes for 3M2023 having increased by 20% year-on-year.

·         Production of tungsten in concentrate grew by 95% to 31 tonnes due to increase in recovery rate.

·         Production of copper in concentrate rose by 63% compared the same period of the previous year and reached 294 tonnes driven by involvement of higher metal content ore in processing at the plant of the Solnechny production complex.

 

Gold Division Results

3M2022

3M2023

Change

Run-of-mine material, million m3

6.9

6.4

-7%

Ore mined*, million tonnes

3.4

2.8

-17%

Doré gold produced, kg

685

777

13%

* on dry weight basis.

Tin Division Results

3M2022

3M2023

Change

Ore mined, thousand tonnes

121

214

77%

Ore processed, thousand tonnes

132

148

12%

Tin in concentrate produced, tonnes

542

652

20%

Tungsten in concentrate produced, tonnes

16

31

95%

Copper in concentrate produced, tonnes

181

294

63%

 

 


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